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KA
Kerrisdale Advisers Portfolio holdings
AUM
$263M
1-Year Est. Return
40.01%
This Fund
S&P 500
This Quarter
Est. Return
-0.86%
1 Year Est. Return
+40.01%
3 Year Est. Return
+49.71%
5 Year Est. Return
+28.22%
10 Year Est. Return
+900.65%
AUM
$159M
AUM Growth
-$120M
(-43%)
Cap. Flow
-$117M
Cap. Flow
% of AUM
-73.52%
Top 10 Holdings %
Top 10 Hldgs %
74.81%
Holding
38
New
8
Increased
–
Reduced
13
Closed
4
Top Buys
| 1 |
Iridium Communications
IRDM
|
+$9.2M |
| 2 |
EB
Eventbrite
EB
|
+$3.48M |
| 3 |
SFIX
Stitch Fix
SFIX
|
+$697K |
| 4 |
DOCU
DocuSign
DOCU
|
+$480K |
| 5 |
Upwork
UPWK
|
+$152K |
Top Sells
| 1 |
I
INTELSAT S. A.
I
|
+$27.8M |
| 2 |
VG
Vonage Holdings Corporation
VG
|
+$18.4M |
| 3 |
Electronic Arts
EA
|
+$16.8M |
| 4 |
HUYA
Huya Inc
HUYA
|
+$14.7M |
| 5 |
ATVI
Activision Blizzard
ATVI
|
+$11M |
Sector Composition
| 1 | Consumer Discretionary | 30.56% |
| 2 | Communication Services | 26.44% |
| 3 | Technology | 17.33% |
| 4 | Industrials | 4.73% |
| 5 | Healthcare | 2.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Sea Limited
SE
$64.4B
| $31.3M | 19.6% |
1,010,007
-270,000
| -21% | -$9.07M |
|
|
I
2
DELISTED
INTELSAT S. A.
I
| $21.8M | 13.68% |
956,905
-1,318,007
| -58% | -$27.8M |
|
|
NBIS
3
Nebius Group N.V.
NBIS
$46.2B
| $14.4M | 9.05% |
412,363
-179,937
| -30% | -$6.79M |
|
|
ATVI
4
DELISTED
Activision Blizzard
ATVI
| $9.63M | 6.04% |
182,053
-220,607
| -55% | -$11M |
|
|
5
Iridium Communications
IRDM
$5.01B
| $8.22M | 5.15% |
+386,072
| New | +$9.2M |
|
|
HUYA
6
Huya Inc
HUYA
$551M
| $8.1M | 5.08% |
342,775
-621,309
| -64% | -$14.7M |
|
7
Booking.com
BKNG
$140B
| $7.45M | 4.67% |
94,900
-70,000
| -42% | -$5.42M |
|
8
Brink's
BCO
$4.9B
| $6.76M | 4.24% |
81,544
-113,530
| -58% | -$9.47M |
|
|
VG
9
DELISTED
Vonage Holdings Corporation
VG
| $6.54M | 4.1% |
578,827
-1,451,573
| -71% | -$18.4M |
|
|
P
10
Everpure Inc
P
$23.2B
| $5.08M | 3.19% |
300,000
| – | – |
|
|
11
PUT
Sea Limited
SE
$64.4B
| $4.64M | 2.91% |
+150,000
| New | +$5.04M |
|
12
Marriott Vacations Worldwide
VAC
$3.43B
| $4.26M | 2.67% |
41,166
-57,476
| -58% | -$5.65M |
|
13
Nutanix
NTNX
$15B
| $4.16M | 2.61% |
158,400
-217,900
| -58% | -$5.14M |
|
14
Lyft
LYFT
$5.9B
| $3.8M | 2.39% |
93,144
-5,000
| -5% | -$273K |
|
|
EB
15
DELISTED
Eventbrite
EB
| $3.52M | 2.21% |
+198,634
| New | +$3.48M |
|
16
Box
BOX
$4.26B
| $2.98M | 1.87% |
180,000
| – | – |
|
17
ProQR Therapeutics
PRQR
$246M
| $2.68M | 1.68% |
465,580
| – | – |
|
|
DESP
18
DELISTED
Despegar.com
DESP
| $2.31M | 1.45% |
203,800
| – | – |
|
19
Trip.com Group
TCOM
$26.7B
| $1.47M | 0.92% |
50,000
| – | – |
|
20
Expedia Group
EXPE
$32.2B
| $1.42M | 0.89% |
10,538
| – | – |
|
21
Magnachip Semiconductor
MX
$129M
| $1.41M | 0.88% |
139,018
| – | – |
|
|
ADMS
22
DELISTED
Adamas Pharmaceuticals
ADMS
| $1.17M | 0.74% |
229,347
| – | – |
|
|
ACHN
23
DELISTED
Achillion Pharmaceuticals
ACHN
| $1.02M | 0.64% |
283,200
| – | – |
|
|
24
Electronic Arts
EA
$52.4B
| $896K | 0.56% |
9,155
-179,122
| -95% | -$16.8M |
|
|
DOOR
25
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $779K | 0.49% |
13,427
| – | – |
|
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Kerrisdale Advisers's Q3 2019 Portfolio in Review
As of Q3 2019, Kerrisdale Advisers held 38 positions worth $159M, down 43% from $279M the previous quarter. Its ten largest holdings account for 75% of the portfolio.
Kerrisdale Advisers withdrew a net $117M in Q3 2019, closing 4 positions and reducing 13 holdings. Its most notable exit was Jones Lang LaSalle, an estimated $3.69M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 31% of assets, up from 25% a quarter earlier, followed by Communication Services and Technology.
Against the trend, Kerrisdale Advisers opened a new position in Iridium Communications worth $8.22M.
- Kerrisdale Advisers's largest Q3 2019 buy was Iridium Communications: 386,072 shares worth $8.22M.
- Kerrisdale Advisers's biggest Q3 2019 reduction was INTELSAT S. A., cutting an estimated $27.8M.
- Kerrisdale Advisers fully exited Jones Lang LaSalle in Q3 2019, selling an estimated $3.69M.
- Kerrisdale Advisers's ten largest holdings make up 75% of its $159M portfolio in Q3 2019.
- Kerrisdale Advisers opened 8 new positions and closed 4 in Q3 2019.
- Kerrisdale Advisers's portfolio value fell 43% quarter-over-quarter to $159M.
Based on Kerrisdale Advisers's 13F filing for Q3 2019, filed 14 Nov 2019.